(CercleFinance.com) – US equity markets ended the week on an upbeat note, buoyed by hopes – moreover confirmed over the weekend – of an agreement in Washington to raise the debt ceiling and thus avoid a US default.
During Friday’s session, the Dow Jones thus gained 1% to 33,093 points, the S&P500 – benchmark index for American managers – took 1.3% to more than 4,205 points, and the Nasdaq Composite even won 2.2% to 12,976 points.
The markets thus resisted well to a PCE price index up slightly to 4.4% over one year in April (+4.7% excluding food and energy), a trend that is nevertheless likely to comfort the supporters of maintaining a firm monetary policy within the Fed.
Other data from the session for last month in the United States, household consumption spending rose 0.8% on incomes up 0.4%, while durable goods orders rose 1.1%. %.
In addition, the American consumer confidence index, calculated by the University of Michigan, was revised upwards from 57.7 to 59.2 for the month of May, thus reflecting a weaker contraction than initially estimated by compared to April (63.5).
In the news of values, operators welcomed the quarterly publications of the clothing chain Gap (+12.5%), the group of warehouse stores Costco Wholesale (+4.3%), and, to a much lesser measurement, from the software publisher Autodesk (+0.7%).
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